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BUX Up: Budapest Stock Exchange Rallies to Record High

• 15 Dec 2023 7:33 AM
• Hungary Matters

The Budapest BUX share index finished Thursday up 2.71% at 60,475.92, extending gains after an early-session advance.

The rally followed a decision late Wednesday by the European Commission to unlock a little more than 10 billion forints of European Union funding for Hungary.

OTP Bank advanced by 4.57% to 15,690 forints, oil and gas company MOL climbed by 0.72% to 2,816, pharma share Richter gained 2.13% to 8,870 , while Magyar Telekom jumped 3.41% to 667.

More about BUX

The Budapest Stock Exchange (BSE), as a central player in the domestic money and capital market offers corporations the opportunity to raise capital, and at the same time provides investors with a wide range of investment instruments.

BSE enables it’s investors to participate in the growth of Hungarian companies and the domestic economy, thereby contributing to the well-being of communities, and also supporting the development of companies with capital financing.

Budapest Stock Exchange (BSE) (Hungarian: Budapesti Értéktőzsde (BÉT)) is the 2nd largest stock exchange in Central and Eastern Europe by market capitalization and liquidity.

It is located at 55 Krisztina Boulevard, Budapest, in the Buda Centre of the Hungarian National Bank. 

Previously, from 1864, during the Austro-Hungarian Empire it was located in the Budapest Stock Exchange Palace building, until a large trading floor was necessary.

The exchange is controlled by listed issuers, by Hungarian private investors and by the Hungarian central bank.

More:
bse.hu

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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